Dimensional Fund Advisors LP Purchases 230,912 Shares of Radian Group Inc. $RDN

Dimensional Fund Advisors LP lifted its holdings in Radian Group Inc. (NYSE:RDN) by 4.0% in the 1st quarter, Holdings Channel reports. The firm owned 5,948,335 shares of the insurance provider’s stock after acquiring an additional 230,912 shares during the period. Dimensional Fund Advisors LP’s holdings in Radian Group were worth $196,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Radian Group by 178.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after buying an additional 476 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Radian Group in the fourth quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its position in shares of Radian Group by 191.3% during the first quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 572 shares in the last quarter. Fifth Third Bancorp grew its stake in Radian Group by 65.8% during the fourth quarter. Fifth Third Bancorp now owns 907 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 360 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Radian Group during the 3rd quarter valued at about $34,000. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

RDN has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Radian Group from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Weiss Ratings restated a “buy (b)” rating on shares of Radian Group in a research report on Tuesday, June 16th. Bank of America raised shares of Radian Group from an “underperform” rating to a “buy” rating and upped their price target for the company from $35.00 to $43.00 in a research note on Wednesday, April 29th. Zacks Research cut shares of Radian Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Barclays boosted their target price on shares of Radian Group from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Radian Group Price Performance

Shares of Radian Group stock opened at $38.63 on Friday. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day moving average price of $36.42 and a 200-day moving average price of $34.96. Radian Group Inc. has a one year low of $31.50 and a one year high of $41.05.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $466.34 million for the quarter, compared to analyst estimates of $377.83 million. Radian Group had a return on equity of 13.57% and a net margin of 40.50%.Radian Group’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities analysts expect that Radian Group Inc. will post 5.17 EPS for the current year.

Radian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Tuesday, June 2nd were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.6%. Radian Group’s dividend payout ratio is currently 25.12%.

Insider Transactions at Radian Group

In related news, Chairman Howard Bernard Culang sold 3,612 shares of Radian Group stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $36.00, for a total transaction of $130,032.00. Following the completion of the transaction, the chairman directly owned 8,050 shares of the company’s stock, valued at approximately $289,800. The trade was a 30.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret Anne Leyden sold 2,070 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $34.59, for a total transaction of $71,601.30. Following the transaction, the director owned 6,864 shares in the company, valued at $237,425.76. The trade was a 23.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 45,516 shares of company stock worth $1,682,576. 2.03% of the stock is currently owned by insiders.

Radian Group Profile

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.